3 min read · 10 August 2011
3 min read · 10 August 2011
Detroit-based Livio Radio, a manufacturer and developer of car Internet radio products and services, has sealed an undisclosed amount of financing from venture debt provider Western Technology Investment. The terms of the deal were not disclosed. Livio plans to bolster its engineering and marketing efforts. Livio is also backed by Michigan-based venture capital firm Beringea.
3 min read · 09 August 2011
Nanigans Inc., the maker of a real-time bidding platform for the Facebook ads marketplace, has closed on $3 million from Avalon Ventures and Boston-based angel investors. The Series A round will help the company expand its staff, and continue developing its Ad Engine platform. Rich Levandov, managing director at Avalon Ventures, joins the company’s board.
3 min read · 09 August 2011
Apprenda, a Clifton Park, NY-based maker of a platform-as-a-service stack for .NET, has closed on $10 million in Series B financing. Ignition Partners led the round, which included participation from previous investors New Enterprise Associates and High Peaks Venture Partners. The money will help expand marketing and sales.
2 min read · 09 August 2011
Sunnyvale, Calif.-based HotLink Corp. has raised $10 million in Series A financing. Foundation Capital led the financing, with participation from Leapfrog Ventures. HotLink is developing an enterprise-class virtual integration and transformation platform, it says. The company was formed in 2010. William Elmore, a general partner at Foundation Capital, and and Leapfrog Ventures director Andy Fillat have joined the HotLink board.
3 min read · 09 August 2011
Bloomspot, a company that aims to connect merchants with customers via online offers, has sealed $40 million in new funding. The Series B round, according to the blog Evan Hugh, includes a $5 million round of venture debt from Western Technology Investment. Unlike Groupon and other daily deal sites, Bloomspot is attempting to target specific users by analyzing credit card data from merchants and users. By getting permission to analyze that data, the company says it can predict how much a user will spend based on a specific deal offer. Bloomspot is based in San Francisco. It is backed by True Ventures, Menlo Ventures, Harrison Metal and individual investors.
2 min read · 09 August 2011
BigTime Software Inc., a maker of cloud-based productivity tools, has closed on $2 million Series A financing from LTC Partners, Geneva Venture Investment Management, Hickory Grove and Howell Capital. The company will use the funds to build its sales channels, expand its marketing and product development efforts.
3 min read · 08 August 2011
The International Finance Corp., the investment arm of the World Bank, plans to invest $15 million in Hyderabad-based biomass power firm Shalivahana Green Energy, Reuters reported. The investment will go toward expansion.
1 min read · 08 August 2011
Lumenpulse Inc. a maker of architectural LED-based lighting, has sealed $16 million in Series A equity and debt financing, the company announced Monday. The money will be used for product development. Names of investors were undisclosed. The debt financing came from Silicon Valley Bank.
3 min read · 08 August 2011
